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How Digital Tech is Transforming Social Innovation

By 3p Conferences

In the digital revolution that has been called “Business 4.0,” new and rapidly evolving technology has transformed business practices and strategies. Now, that part of the non-profit sector focused on social issues is undergoing a similarly radical revolution. Innovative technologies such as blockchain, design thinking, virtual reality, robotics, AI, and cloud analytics offer new opportunities to increase access and equity to individuals and communities.

Every day, non-profit organizations across the U.S. receive billions in contributions, supporting causes from education, health and the environment, to social wellbeing and arts and humanities. These organizations face many challenges, including governance, reporting, impact, and scale. Similar to how digital technology is helping enterprises grow and transform, tech can play a pivotal role in alleviating these societal issues and provide an opportunity for social innovation.

The question for nonprofits is, how to best harness new tech’s tremendous potential for greater impact in addressing problems in the areas of health, education, and the environment?

To provide some answers, Tata Consultancy Services, in partnership with the U.S. Chamber of Commerce Foundation, is convening on May 24 Digital Empowers: Accelerating Innovation for Business and Social Good at the Chamber of Commerce in Washington D.C. The forum is bringing together leaders from business, technology, government, policy, and citizenship with on-the-ground partners who are shaping the future of innovation and social impact to discuss with nonprofit leaders how technology can solve pressing societal challenges.

The forum’s objective is to increase awareness and understanding around the impact of advancements in technology. Speakers from across industries will share how their organizations leverage new technology and digital innovations.

“In the Business 4.0 era, we have the unique opportunity to harness the abundance of digital technologies to leapfrog innovation for business and social good,” said Balaji Ganapathy, Head of Workforce Effectiveness, TCS. “Having leaders from across sectors involved helps to develop a shared vision, increases awareness, advocacy and public-private partnerships, and creates a paradigm shift towards creating exponential value for our fellow citizens and the community.”

“At the most basic level—businesses are problem solvers. From providing invaluable services to innovating new products, the private sector—by design—finds opportunity and drives solutions,” said Marc DeCourcey, Senior Vice President, U.S. Chamber Foundation. “So it only makes sense that leading businesses are also leveraging technology to solve some of the greatest social issues of our time.”

The event’s program will discuss ways to develop partnerships, funding opportunities and human and technology capital. Featured speakers include experts from TCS, Deloitte & Touche, Lockheed Martin, and the White House Office of Science and Technology,

TCS and USCCF will publish a report defining the strategies organizations can utilize to benefit from advanced technology.

For details, visit here.

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